Jean Frey achieves a turnaround
Annual Results V Jean Frey Verlag ended its fiscal year with a slight decline in revenue and profit.
Annual result V Jean Frey Verlag ends its financial year with slightly lower sales and profits. The turnover of the Jean Frey Group with the
Bilanz, Beobachter, Weltwoche and other trade journals
reported a decline in sales of 3.3 percent for the 2005 financial year.
to 93.2 million francs. Profit after tax also shrank
from CHF 11.2 million to CHF 6.6 million. At the same time, the
Return on sales fell from 11.6 percent to 7.1 percent.
Bilanz, Beobachter, Weltwoche and other trade journals
reported a decline in sales of 3.3 percent for the 2005 financial year.
to 93.2 million francs. Profit after tax also shrank
from CHF 11.2 million to CHF 6.6 million. At the same time, the
Return on sales fell from 11.6 percent to 7.1 percent.
However, CEO Philippo Leutenegger sees the overall result as
satisfactory and is in line with the difficult economic situation.
general conditions in the print business, he announced. The decline in
The publisher's main source of income is the volume of advertising orders,
which has generally declined in the print media. The publishing house has
in the past financial year in various projects and in additional
invested in personnel. These investments in the successful products
After a successful turnaround, which was followed by various
The focus was on the savings rounds that preceded them (rw).
